A hard market cycle occurs when rates are high and competition is low. Risk sharing pools such as PRISM were born from a hard market. Read the coverage Narratives and Talking Points in the sidebar of this page for information and steps you can take to best communicate the state of this market to your stakeholders.
It's also important to be able to clearly communicate who PRISM is - that is to say, it's you, the members. Click on the video below and share this with staff and stakeholders as you see fit!